dude named jerry runs monks den and he was pumping eigh....then eigh hired jerry and bought monks den after jerry went to barbados....since then its been one pr after another the latest featuring a .10 dividend on a stock thats only .30 cents...the payment on the divi is like some untold millions of dollars and the companies income isnt even close to meeting it...the stock is in bizarro land...the product they sell looks like crap...and they are going in 2937 directions with products and services...i made some bucks on it but it smells waaaaay fishy
http://www.sec.gov/spotlight/keyregshoissues.htm
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[FONT=Verdana,Arial,Helvetica]12. I read on an internet chat room or website that a specific security has a large number of fails; are these sources reliable?[/FONT]
[FONT=Verdana,Arial,Helvetica]Investors should always be cautious that issuers, promoters, or shareholders may be seeking to stimulate buying interest by making false, misleading or unfounded statements in internet chat rooms or other such forums about alleged large naked short positions in some smaller issuers, particularly those trading on the OTCBB or Pink Sheets. Some individuals may encourage other investors to buy these issuers' securities by claiming that there will be an imminent "short squeeze," in which the alleged naked short sellers will be forced to cover open short positions at increasing prices. These claims in fact may be false.[/FONT]
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[FONT=Verdana,Arial,Helvetica]12. I read on an internet chat room or website that a specific security has a large number of fails; are these sources reliable?[/FONT]
[FONT=Verdana,Arial,Helvetica]Investors should always be cautious that issuers, promoters, or shareholders may be seeking to stimulate buying interest by making false, misleading or unfounded statements in internet chat rooms or other such forums about alleged large naked short positions in some smaller issuers, particularly those trading on the OTCBB or Pink Sheets. Some individuals may encourage other investors to buy these issuers' securities by claiming that there will be an imminent "short squeeze," in which the alleged naked short sellers will be forced to cover open short positions at increasing prices. These claims in fact may be false.[/FONT]
